Global Economic Boom

This article cites an amazing statistic:

"Of 60 nations tracked by investment firm Bridgewater Associates, not one is in recession — the first time that has been true since 1969.

They go on to analyze:

"'This is the first recovery where developing economies are playing a dominant role,' said James Paulsen, chief strategist at Wells Capital Management in Minneapolis, which manages money for big investors such as pension funds.

"The trend is being driven by free trade, which has created millions of jobs in emerging nations in recent years, fueling stunning new wealth in those countries."

Later making another amazing observation:

"The breakaway growth of the developing world is why the global economy overall is on track to post its fourth straight year of 4%-plus expansion, the IMF estimates. The last such streak was in the early 1970s."

This after noting that the developed world is "lagging" in its growth at 3%, while the developing world is growing phenomenally at nearly 7%.

Even though it seems like most of the news in the world is bad, and most of the leaders in the world are poor, somebody must be doing something right for this kind of broad stability and extended growth.